The Radford Free Press – Page 196 – All life is problem solving.

Economics / austerity, business investment, consumption, demand, economic policy, economic theory, government spending, growth, Simpson-Bowles /

Simpson-Bowles: They’re Back!

February 19, 2013

Yes. Simpson and Bowles are back at it. Erskine Bowles, former Clinton aide, and Alan Simpson former Republican Senator from Wyoming, are back in the headlines. Motivated by the onrushing sequester crisis – how we all love our crises nowadays – and infused with loads of cash from big business, our dynamic austerity duo snatched […]

Economics / austerity, business investment, consumption, demand, economic policy, economic theory, government spending, growth /

The Market Gets Queasy

February 18, 2013

As we approach yet another of our self-inflicted crises, the ‘sequester cliff’, I find it amusing that the markets are reacting with surprising unanimity. Cutting government spending, apparently, is a jolly bad thing to do. Why else would the stock market be in the beginnings of a panic? Why else would the financial media obsess […]

Economics / austerity, economic policy, GDP, government spending, growth, potential GDP /

What’s Missing?

February 14, 2013

A couple of days ago I complained about the misrepresentation of Federal spending under Obama. It hasn’t risen anywhere near as much as some folks say it has. Indeed it has been under control since that first burst during the heat of crisis. That drew the ire of one or two of you who complained […]